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Revised May 2023 Page 5 of 7 FINANCIAL IMPACT STATEMENT PLEASE ANSWER ALL QUESTIONS COMPLETELY. DEPARTMENT______________________________________________________________________ BOARD/COMMISSION_______________________________________________________________ PERSON COMPLETING THIS STATEMENT____________________________________________ TELEPHONE NO._______________ EMAIL _____________________________________________ To comply with Ark. Code Ann. § 25-15-204(e), please complete the Financial Impact Statement and email it with the questionnaire, summary, markup and clean copy of the rule, and other documents. Please attach additional pages, if necessary. TITLE OF THIS RULE________________________________________________________________ 1. Does this proposed, amended, or repealed rule have a financial impact? Yes No 2. Is the rule based on the best reasonably obtainable scientific, technical, economic, or other evidence and information available concerning the need for, consequences of, and alternatives to the rule? Yes No 3. In consideration of the alternatives to this rule, was this rule determined by the agency to be the least costly rule considered? Yes No If no, please explain: (a) how the additional benefits of the more costly rule justify its additional cost; (b) the reason for adoption of the more costly rule; (c) whether the reason for adoption of the more costly rule is based on the interests of public health, safety, or welfare, and if so, how; and (d) whether the reason for adoption of the more costly rule is within the scope of the agency’s statutory authority, and if so, how. 4. If the purpose of this rule is to implement a federal rule or regulation, please state the following: (a) What is the cost to implement the federal rule or regulation? Department of Human Services Division of County Operations Andy Morgan (501) 534-4125 andy.morgan@dhs.arkansas.gov SNAP, TEA, and Work Pays Program Updates